What is Overlay Protocol
Overlay is a protocol to long/short any scalar, non-manipulable and unpredictable data stream. Users lock the native token OVL to long/short a particular market, and smart contract mints/burns OVL based on the success of the position. The protocol has been launched on mainnet in a sandboxed environment -what they called Litter Box, with less than 20,000 OVL in circulation.
Overlay Protocol vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, OV would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of OV might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including OV.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.
